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Net Income per Share
 12 Months Ended
Apr. 29, 2022
Earnings Per Share [Abstract]  
Net Income per Share

14. Net Income per Share

The following is a calculation of basic and diluted net income per share (in millions, except per share amounts):

 

 

 

Year Ended

 

 

 

April 29, 2022

 

 

April 30, 2021

 

 

April 24, 2020

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

937

 

 

$

730

 

 

$

819

 

Denominator:

 

 

 

 

 

 

 

 

 

Shares used in basic computation

 

 

223

 

 

 

222

 

 

 

230

 

Dilutive impact of employee equity award plans

 

 

6

 

 

 

4

 

 

 

3

 

Shares used in diluted computation

 

 

229

 

 

 

226

 

 

 

233

 

Net Income per Share:

 

 

 

 

 

 

 

 

 

Basic

 

$

4.20

 

 

$

3.29

 

 

$

3.56

 

Diluted

 

$

4.09

 

 

$

3.23

 

 

$

3.52

 

 

While no potential shares from outstanding employee awards were excluded from the diluted net income per share calculation for fiscal 2022, four million potential shares from outstanding employee equity awards were excluded from the diluted net income per share calculations for each of fiscal 2021 and 2020, as their inclusion would have been anti-dilutive.